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MarketWatch for Friday, November 8, 2013

If you're keeping on top of the stock markets this morning, Friday, November 8, 2013 ...
If you're keeping on top of the stock markets this morning, Friday, November 8, 2013 ...

The Nikkei drops 142 points today in Tokyo.
On Wall Street, the Dow lost 153 points Thursday.
And the Nasdaq was down nearly 75.


Twitter was big news at the New York Stock Exchange where the company saw it's shares soar. At the close of Twitter's first day of trading the stock was almost $45 per share, sharply up from the initial public offering of $26 per share. The micro-blogging network favored by celebrities, the President, the Pope and some 230 million users has yet to turn a profit.
 
The U.S. economy expanded by 2.8 percent between July and September, that's a faster pace than some analysts expected given the 16 day government shut-down.

The European Central Bank made a surprise move and cut it's benchmark interest rate. The quarter point cut -- to a record low of .25 percent is aimed at strengthening the ailing economy of the European alliance.

And there's more trouble for Tesla. Three model "S" electric cars have now caught fire - the most recent on Wednesday in Tennessee. The model "S" has a large battery pack beneath the car which may cause shorts or touch off fires when damaged by debris or in an accident..


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